Tuesday, July 7, 2009

July Trade # 5 - BUY GBP/USD

Trade got stopped-out at -76 pips/lot for a total of -456 pips. Bummer!

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July 7, 2009 8:43 am (Manila)

BUY GBP/USD @ 1.6276 (6 lots)
Stop -1.6200
Limit 1 - 1.6306
Limit 2 - 1.6336

At about 4:30 this afternoon, UK data comes out which could surprise to the upside. Also, speculation came out that the Bank of England could boost their Quantitative Easing program which should be bearish for the Pound.

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